Warning, borrowing money also costs money.
Get on the road with a Car Loan tailored to your needs!
Discover how our Car Loan solution, designed to finance your new, used, or eco-friendly car, can help you bring your project to life in Belgium and Luxembourg. Thanks to our simplified car loan simulation, you can quickly estimate your financing and get ready to drive.
Simulate your Car LoanLegal Notice
** A loan commits you and must be repaid. Check your repayment capabilities before committing. The rates indicated are for information purposes only and subject to approval of your application.
Discover the Car Loan: the solution for purchasing your vehicle
The Car Loan is a designated installment loan, specifically designed to finance the purchase of your vehicle, whether it’s new, used, or even eco-friendly (electric, hybrid). Available in Belgium and Luxembourg, it allows you to make your mobility project a reality.
What type of vehicle can you finance with a Car Loan?
- New cars: All models and all brands, directly from the dealership.
- Used cars: Purchased from a professional (dealership) or a private individual (under certain conditions).
- Eco-friendly vehicles: Electric cars, plug-in hybrids, sometimes benefiting from advantageous conditions.
- Motorcycles and scooters: New or used (subject to specific conditions).
- Motorhomes and caravans: For your travel and leisure projects.
Thanks to our online Car Loan simulation, you can immediately estimate:
- The amount you can borrow for your future vehicle.
- The monthly payment that best suits your budget.
- The optimal repayment term for your car loan.
The Car Loan is characterized by interest rates that are often more attractive than those of a classic personal loan, as the vehicle itself serves as security for the loan. You will need to provide a purchase order or an invoice for the vehicle to release the funds.
Free • No obligation • Quick approval in principle
Specific Advantages of the Car Loan
The Car Loan is a popular financing solution for purchasing a vehicle thanks to its many benefits:
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Competitive interest rates: As a designated loan, the Car Loan often has lower rates than non-designated personal loans.
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Financing up to 100% (or even 110%): You can finance the entire purchase price of your vehicle, and sometimes even additional costs (registration tax, first insurance payment).
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Suitable for all types of vehicles: Whether you choose a new car, a recent used one, an electric model, or a motorcycle, there is a Car Loan formula for you.
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Clarity and transparency: The online simulation and the contract offer detail the APR, monthly payments, term, and total cost of the credit.
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Borrower protection: As a designated loan, if the vehicle sale is cancelled, the car loan is also cancelled (under certain conditions).
With these advantages, the Car Loan is the ultimate financing solution for acquiring your vehicle with peace of mind and full control of your budget.
How to get your Car Loan quickly?
Our process for financing your vehicle is designed to be simple, fast, and transparent.
1. Online Simulation
Use our Car Loan simulator: choose the amount and the term. Get an estimate of the monthly payment and APR.
2. Application and Documentation
Fill out the online application. Prepare your documents: ID, proof of income, and especially the vehicle’s purchase order.
3. Analysis and Response
Our car loan advisors analyze your file. You receive an approval in principle quickly.
4. Contract Signing
If the offer suits you, sign the Car Loan contract (often electronically).
5. Payment of Funds to the Seller
After final approval, the funds are usually transferred directly to the dealership or seller of the vehicle. You can then pick up your car!
Our advisors specializing in car financing are available to guide you every step of the way.
Conditions tailored to your car project
The Car Loan is designed to adapt to the type of vehicle you wish to purchase and your financial situation:
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Fixed interest rate: Most car loans are offered at a fixed rate, guaranteeing you constant monthly payments throughout the loan term and excellent visibility on the total cost.
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Flexible repayment term: Depending on whether the vehicle is new or used, and on its price, the term can be extended (for example, from 24 to 84 months for a new vehicle, often a shorter term for a used one).
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Early repayment possible: You can repay your Car Loan early (in full or in part) in accordance with the law, subject to capped early repayment fees.
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No mandatory down payment: Often, you can finance 100% of the purchase price without needing to make a down payment. However, having a down payment can reduce the amount you need to borrow and thus the cost of the credit.
This flexibility helps you acquire the vehicle of your dreams while maintaining healthy and balanced financial management.
Confidently prepare for your vehicle purchase
A well-planned Car Loan is the first step toward a successful and hassle-free purchase.
Define your needs
What type of car? New or used? What is the total budget (including insurance, taxes, maintenance)? A clear idea of your needs will facilitate your search and your financing request.
Simulate your financing
Use our Car Loan simulator to estimate your monthly payments and the term. This will give you a clear idea of your borrowing capacity before you visit dealerships.
Gather your documents
Prepare your proof of income and identity in advance, and as soon as you have it, the vehicle’s purchase order. A complete file speeds up the process.
By anticipating these steps, you will approach the purchase of your car and its financing with confidence and peace of mind.
Testimonials: they hit the road thanks to our Car Loan
“I dreamed of a small new city car for my trips around town. CPE Crédit offered me a Car Loan with a great interest rate. The simulation was easy and my advisor was excellent at explaining all the steps. I got my car in less than a week!”
“We needed a larger family car. We found a great used one at a dealership. The Car Loan from CPE Crédit allowed us to finance it quickly. The transfer was made directly to the dealership, which was very convenient.”
Our clients particularly appreciate for their Car Loan:
- The speed of the process, from simulation to the availability of funds for the seller.
- The clarity of the conditions and proposed rates.
- The support from our advisors specialized in car financing.
With the right Car Loan, purchasing your vehicle becomes a positive and controlled experience.
Car Loan FAQ
Find detailed answers here to the most frequently asked questions about our Car Loan. This solution is designed to finance the purchase of your vehicle (new or used) in Belgium and Luxembourg.
A Car Loan is a designated installment loan. This means that the borrowed amount is exclusively intended to finance the purchase of a specific motor vehicle: new car, used car, motorcycle, scooter, motorhome, etc. You will need to provide proof of purchase (a purchase order or invoice) for the loan to be granted and the funds to be released, often directly to the seller.
It is intended for any adult residing in Belgium or Luxembourg with a regular income who wishes to purchase a vehicle without using their savings.
The criteria are similar to those for a personal loan, but with some specifics related to the vehicle:
- Age and Residence: Be of legal age and reside in Belgium or Luxembourg.
- Stable and sufficient income: To cover the monthly payments of the car loan in addition to your usual expenses.
- Reasonable debt-to-income ratio: Your total debt should not be excessive.
- Good credit history: No significant negative listing at the NBB/CSSF.
- Proof of purchase: A purchase order or a pro-forma invoice for the vehicle is essential.
- For used cars: The age and mileage of the vehicle can influence the loan conditions (especially the term). A valid technical inspection will often be required.
Yes, it is often possible to finance up to 100% of the purchase price including VAT of your vehicle with a Car Loan. Some lenders even offer 110% or 120% financing to cover additional costs such as:
- The registration tax (TMC).
- The first car insurance premium.
- Registration fees.
- Sometimes small accessories.
This allows you to purchase your car without having to dip into your personal savings. Discuss this option with your advisor to see what is possible in your situation.
The repayment term of a Car Loan depends on several factors:
- The age of the vehicle:
- For a new car, the term can generally go up to 84 months (7 years), or even 120 months (10 years) in some exceptional cases.
- For a used car, the maximum term is often shorter and depends on the age of the vehicle at the time of purchase (for example, the sum of the vehicle’s age + the loan term should not exceed a certain threshold, like 8 or 10 years).
- The amount borrowed: Higher amounts can sometimes allow for longer terms.
- Your repayment capacity: The term is adjusted to ensure the monthly payment remains manageable.
A longer term reduces the monthly payment but increases the total cost of the credit. Your advisor will help you find the best balance.
Legally, only third-party liability insurance is mandatory. However, for a new or recent vehicle financed with a Car Loan, taking out comprehensive (or “all-risk”) insurance is very strongly recommended, and sometimes required by the lending institution.
Why?
- In case of an at-fault accident or theft, if you only have third-party liability, the damage to your own vehicle is not covered. You would have to continue repaying the loan for a damaged or missing car.
- Comprehensive insurance covers material damage to your vehicle, even if you are at fault, as well as theft, fire, broken glass, etc. (depending on the policy).
Although comprehensive insurance represents an additional cost, it provides essential protection for a valuable asset financed on credit. Discuss insurance options with our partners or your insurer.
Generally, yes, a Car Loan tends to have a lower Annual Percentage Rate (APR) than a non-designated Personal Loan. The main reason is that the Car Loan is a “designated” loan: the money is specifically intended for the purchase of an identifiable asset (the vehicle). This vehicle acts as a form of moral guarantee for the lender, which reduces their risk and allows them to offer more advantageous conditions.
However, it is always important to compare specific offers at the time of your application, as rates can vary depending on promotions, your profile, and the type of vehicle (loans for eco-friendly vehicles can sometimes be even more advantageous).